What kind of products does Uzer Makina offer to global tyre industry?

Uzer Makina has been serving top tyre makers all around the world with its tyre curing presses and molds since 1978. Our press product category consists of mechanical and hydraulic presses for all kinds of tyres; while mold category includes tread segments, sidewall plates, container mechanisms, AG molds and bladder molds.

Tell us about the evolution of the company as a global leader

The company was founded by Selahattin Uzuner and his nephew Bahattin Ertuğ. At first, the company was working for petrochemical industry in Turkey and later on started to make mold maintenance activities for various tyre companies in Kocaeli. First mold was manufactured 1984. Nearly 10 years later, Uzer Makina started to manufacture tyre curing presses again for plants in İzmit. In 2000, the plant was moved to Kartepe, Kocaeli, where it  is currently located. In 2004, first hydraulic tyre curing press is manufactured and in 2007 Uzer Makina designed, manufactured and internationally patented its popular product Floating Column Hydraulic Press. Until late 2000s, the company mostly served domestic market. After 2010, we started to supply a good amount of its products abroad as well. With an aggressive growth strategy, Uzer Makina invested in buildings, brand-new equipment, human resources and expanded production in last five years to become a global player in tyre curing equipment market. We now serve top tyre makers and their plants in more than 40 countries.

What is the latest step in your expansion process?

After doubling capacity in 2018 by separating press and mold factory, Uzer Makina has completed another expansion by June 2020. This new facility is entirely dedicated for pre-production activities, including storing steel raw materials, cutting, bending, construction, welding, sandblasting and heat treatment serving both for tyre curing press and mold categories which used to be a part of press manufacturing facility before. Uzer Makina also moved its HQ office from mold factory to press factory.

Investment decision was made at the end of 2019 by the top management before Covid-19 pandemic with the goal of decreasing the costs by decreasing the amount of manufacturing activities which are outsourced. Following this decision, Uzer Makina has acquired 9500 m² land just next to existing press manufacturing facility and finished 6500 m² building in less than 7 months.

Uzer Makina also has added brand-new pre-production equipment like heat treatment furnace, sandblasting machine and bending machine. With these new machinery investment, Uzer Makina is planning to decrease the cost per product and production time while increasing the total quality of the processes by taking these operations in house rather than outsourcing them.

This expansion enables Uzer Makina to better use the existing press manufacturing facility. Since pre-production occupied a good amount of space before leaving the building, remaining place is now used for press manufacturing and assembly. Therefore, Uzer Makina is able to manufacture more presses at the same time compared to previous set-up. Uzer Makina has also made machinery investments for existing press area as well including automated spray-painting booth for painting press bodies/parts and vertical turning machine with 3 meters turning diameter which would mainly be used for parts of bigger (over 85”) mechanical presses.            

What are the features of the new SUV & TBR Floating Column Hydraulic Press?

A new era for SUV & TBR tyre curing has begun as Uzer Makina announced the development of SUV & TBR version of its most popular and internationally patented Floating Column Type Hydraulic Press in the last Tyre Technology Expo. Uzer Makina dispatched the first 65” Floating Column Hydraulic Type Curing Press at the end of 2020. This new version outweighs the existing solution Frame Type which used to be the industry standard almost in every aspect. It offers a simpler design, the construction weights much less, has fewer components, maintenance requirements are lower and finally the energy requirement is lesser compared to Frame Type. Besides, most importantly, pricewise there is no significant difference between these two types.

On the other hand, tyre manufacturers will be able to benefit all the advantages of the internationally patented Floating Column Technology for curing of larger tyres. Floating Column Technology provides fully automatic mold height adjustment and therefore eliminates the need for conventional mold height adjustment systems. The technology features two squeezing cylinders under the columns on both sides of each cavity. The piston rods of these cylinders are directly connected to the columns. Besides applying squeezing force, these cylinders also change the position of the locking point, which is located on the columns for adjustment of mold height. Therefore, the press does not need multiple locking points and can work perfectly well with just one. Columns rise at the end of each cycle and release the locking plates from grooves, meaning the locking mechanism can work without jamming.

In addition to these, Uzer Makina is able to construct this new size Floating Column Type Hydraulic Press as V-Shape as well in order to save space. The V-Shape design enables tyre manufacturers to use the curing press area at least 12% more efficiently, in other words, tyre producers would be able to place 112 curing presses in an area that was previously large enough for 100 machines. This concept was developed by Uzer Makina engineers in response to the recent market demand for upgrading existing machines in tyre production plants.

On the other hand, Uzer Makina have been recently putting so much effort to increase energy efficiency on the presses and therefore help tyre manufacturers to comply with the latest European regulations. With this object in mind, Uzer Makina has developed “Energy Saver Steam Hoses” as a subsidiary product that would work both with Uzer Makina presses and others. With these hoses, one can save up to 5% energy per press which is equal huge amount of energy considering the fact that tyre curing is the most energy consumer process of tyre production. These hoses also prevent curing area from overheating. In case there is an effort to cool down the area, there is no need for it or at least it requires much less effort to keep the curing area at normal temperature.

Uzer Makina is not solely a tyre curing press and mold producer – the company also strives to improve the efficiency of the entire curing process. Uzer Makina places great emphasis on digitization and designs its presses to be fully compatible with Industry 4.0 requirements such as EMS, AGV, SCADA, MES and ERP systems. In addition, the company conducts its own research and also works with leading industry companies to offer solutions such as mold pre-heating presses, mold changing pickup cranes and RFID mold management systems – to help tyre manufacturers achieve the most efficient curing processes.

How did the company take on the pandemic?

Even though pandemic conditions were very challenging for tyre industry especially in terms of demand last year, 2021 is very promising also for Uzer Makina. There are many reasons for this: firstly, because of US tariffs against Asian tyre makers, Turkey & Eastern Europe has become a very attractive country for capacity increase for tyre production. Almost all tyre makers in Turkey runs at full capacity and some of them already is expanding. Secondly, there has been a global change in transportation as many people now prefers to move more individually than ever, this probably will eventually affect the number of tyres produced globally. Uzer Makina started to feel this rebound in the demand as many existing customers has decided to restart their previously on hold orders and requesting inquiries for new equipment, and it is also a known fact that quite a few tyre makers are making new greenfield & expansion projects. As Uzer Makina continues to improve its reputation in the market year by year, this rebound will have much more positive effect on the company.

In the pandemic period, like all other companies, Uzer Makina also had to transform the way to operate business into more digital. Now in Uzer Makina, all internal meetings are video meetings. Since travelling abroad is still an issue, nearly all the meetings with customers and suppliers are done via video calls too. Uzer Makina enriched the content of the installation and commissioning materials and provided remote support in order to help the customers which cannot accept people to their plants because of travelling bans. (TT)

Renowned Scottish businessman and philanthropist Sir Tom Farmer, founder of Kwik-Fit, passed away peacefully at his home in Edinburgh at the age of 84, according to a family statement issued on Friday.

A veritable titan of the tyre industry, Sir Tom established the Kwik-Fit chain of garages in 1971. Before being sold to Ford Motor Company in 1999 for more than GBP 1 billion, the company grew to become the largest independent tyre and automotive repair specialist in the world, with over 2,000 locations across 18 countries.

The influence of Sir Tom was not limited to the automobile industry. His varied financial skills were demonstrated by his major roles as a director of Scottish Power and MyTravel Group. He has always been a football fan and owned majority stakes in Hibernian Football Club for 28 years before selling it to American billionaire Ron Gordon in 2019.

His family stated that Sir Tom's charity will be remembered and that his life and profession impacted many facets of Scottish and UK life. According to the businessman's family, he was happy to be an uncle to his three brothers, three sisters and numerous nieces and nephews. “More than anything, Sir Tom was a family man. Born in Leith, Edinburgh, in 1940, he was the youngest of seven children. He frequently spoke of the love, care and attention that was bestowed upon him by being the youngest in such a large family,” said the statement.

Speciality materials provider Trinseo reported a first-quarter net loss of USD 79 million on Monday, despite restructuring efforts that boosted adjusted EBITDA by 44 percent compared to the same period last year.

The Pennsylvania-based company, which manufactures plastics, latex and rubber, saw its net loss widen slightly from USD 76 million a year earlier, weighed down by USD 25 million in refinancing costs from debt transactions completed in January.

Trinseo's quarterly revenue fell 13 percent to USD 785 million, as the company grapples with weak demand across all business segments and its strategic reduction of low-margin sales.

“Core business results in the first quarter were in line with expectations and sequentially higher due to prior quarter customer destocking and seasonality," said Frank Bozich, President and Chief Executive Officer of Trinseo. “Despite persistent market weakness, the first quarter was Trinseo’s 7th consecutive quarter of year-over-year Adjusted EBITDA improvement driven by the various management actions we took early in this industry downturn."

Adjusted EBITDA rose to USD 65 million from USD 45 million a year ago, bolstered by USD 26 million in polycarbonate technology licensing income and cost-cutting measures, though partially offset by lower volumes and reduced income from its Americas Styrenics joint venture.

Cash used in operations totalled USD 110 million, whilst capital expenditures reached USD 9 million, resulting in a negative free cash flow of USD 119 million. The company ended the quarter with USD 128 million in cash, of which USD 2 million was restricted, and total liquidity of USD 421 million.

Among its business segments, Engineered Materials recorded a 2 percent drop in sales to USD 278 million, yet saw adjusted EBITDA jump by USD 16 million to USD 26 million. Latex Binders sales declined 13 percent to USD 209 million, with adjusted EBITDA slipping USD 2 million to USD 24 million.

Polymer Solutions, despite a 22 percent sales decrease to USD 298 million, posted a USD 15 million increase in adjusted EBITDA to USD 44 million, benefiting from fixed cost reductions and licensing income. Americas Styrenics fell to a negative USD 2 million in adjusted EBITDA, down USD 8 million from the previous year.

Looking ahead, Trinseo forecasts a second-quarter net loss between USD 61 million and USD 46 million, with adjusted EBITDA ranging from USD 55 million to USD 70 million. The company expects approximately break-even free cash flow, which includes USD 21 million from polycarbonate technology license income.

The company has withdrawn its full-year guidance previously provided during its debt refinancing, citing high macroeconomic uncertainty limiting its ability to assess future end-market demand.

Bozich expressed confidence in the company's outlook, stating: "We anticipate Adjusted EBITDA of USD 55 million to USD 70 million in Q2 with seasonally higher volumes, lower costs in Engineered Materials, and improved AmSty performance offsetting the first quarter polycarbonate technology license income."

Trinseo expects limited direct impact from current tariffs, as it generally manufactures products and procures raw materials in the regions where they are sold.

Nokian Tyres Plc reported strong year-on-year sales growth of 14.2 percent  in the first quarter of 2025, with net sales reaching €269 million in comparable currency, reflecting solid performance across all regions. However, earnings were impacted by rising raw material costs and ramp-up expenses linked to new production facilities.

“We had strong sales growth in quarter one,” said President and CEO Paolo Pompei. “This is continuing our journey and strong sales growth that we had also in quarter four and quarter three last year.”

Segment EBITDA was reported at €12.25 million, or 4.6 percent  of net sales, while the segment operating profit stood at a loss of €18.5 million — a deterioration from the €15.1 million loss in Q1 2024. “Obviously, we are not fully satisfied actually with the financial performance, and we have accelerated actions to improve our financial performance in the next quarters,” Pompei added.

€800 Million Investment Phase Nears Completion

The Finnish tyre manufacturer is now in the final year of a three-year investment cycle totalling close to €800 million. “Two major investments to build on our new Nokian will be done by the end of this year,” said CFO Niko Haavisto. “We are returning back to the more maintenance type of investments... estimating that to be around €120 million starting next year.”

Key among those investments is the state-of-the-art Romanian factory, which began delivering tyres at the end of March and will ramp up through 2027. “I've been myself 28 years in the business. I can tell you that the investment we've made in Romania is really state-of-the-art... also a factory that is providing us the same flexibility... that we had in Russia,” said Pompei.

Meanwhile, the Dayton, U.S. plant is expected to reach 80 percent  capacity this year. “The land plot and the layout would allow us to triple the capacity there. However, it's not something that we are planning at this moment,” Haavisto said.

Margin Pressures from Raw Material and Tariff Impacts

Margins remain under pressure, largely due to input costs. “The decline was mainly driven by the higher raw materials, and obviously, the necessity as a cost to reinforce our market position in the growing market areas,” said Pompei. Price increases have already been implemented in Q1 and are expected to take effect from Q2 onwards. “We are expecting a positive development or pricing mix already starting from quarter two,” he added.

In North America, tariffs are a growing concern. “The tariffs, of course, are causing some disturbances and some uncertainties,” Pompei noted. “The effect of the tariff will be visible in quarter two. This will require... a lot of discipline from our side.”

Despite this, the CEO sees strategic upside: “The US market is today importing more than 50, actually 60 percent, of the tyres that are sold in the US. Obviously, for us, having a direct presence in Dayton can represent an extremely good element to play in the near future if the tariff remains there.”

Long-Term Outlook: Growth with Leaner Cost Structure

While the company posted a Q1 operating loss, executives remained firm on long-term financial targets: €2 billion in annual sales, a 15 percent  EBIT margin, and 23–25 percent  EBITDA margin. “Those are all intact, and that’s what we believe in,” said Haavisto.

Pompei summarised the strategic vision: “We want to play in the profitable niches of the market, which today are winter tyres... all-season... and heavy tyres as well. Those are extremely profitable niches.” He added, “We are a small player... and of course, we are still a small market player when we look at the global tyre market, which is approximately €250 billion. We have plenty of opportunities to grow.”

On capital structure, the company expects net debt — now around €800 million — to peak in Q3 before tapering off. Liquidity remains “on the safe side,” supported by a commercial paper programme and committed credit lines.

“We are working very hard, really, to deliver growth and at the same time to improve our financial position,” Pompei said. “We can really position Nokian Tyres growing above the market level with our unique value proposition — safe and sustainable, and high-performing products in demanding weather conditions.”

Goodyear Tire & Rubber Company has reported its first quarter 2025 results, showing progress in its transformation strategy despite mixed financial performance.

The tyre manufacturer posted net sales of USD 4.3 billion, with tyre unit volumes reaching 38.5 million. The company recorded a net income of USD 115 million (40 cents per share), compared to a net loss of USD 57 million (20 cents per share) in the same period last year.

However, after adjustments, Goodyear reported a net loss of USD 11 million, or 4 cents per share, contrasting with adjusted net income of USD 29 million, or 10 cents per share, in Q1 2024.

The quarter’s results included several significant items, notably an estimated USD 260 million gain from the sale of its Off-the-Road (OTR) tyre business, completed in February 2025. This was partially offset by USD 81 million in rationalisation charges and USD 7 million in costs related to the company’s Goodyear Forward transformation initiative.

Segment operating income totalled USD 195 million, representing a USD 52 million decline year-on-year. After adjusting for the OTR business sale, the decline was USD 40 million, which the company attributed primarily to higher raw material costs.

“Our team kicked off the year by delivering the strongest quarter to date in benefits from Goodyear Forward and advanced our goal of building a high-performance culture that is designed to win,” said Chief Executive Officer and President Mark Stewart. “With the sale of the Dunlop brand, we are further optimising our portfolio while strengthening our balance sheet – a critical component of our transformation plan. We remain committed to our targets, including segment operating margin of 10 percent and leverage of 2.0x-2.5x in the fourth quarter of this year.”

The company reported that its Goodyear Forward programme delivered USD 200 million in benefits during the quarter. However, these gains were more than offset by USD 113 million in unfavourable pricing versus raw material costs, USD 56 million in inflation, USD 33 million in lower tyre volume, USD 19 million in unabsorbed fixed costs, and USD 12 million in unfavourable foreign currency translation.